The U.S.-China trade deal, negotiated at length in January 2020, was only partially fulfilled by the PRC at 58% amid the pandemic, but China did increase its purchases of American goods, according to the Peterson Institute for International Economics (PIIE). In total, PRC imports amounted to about...

While there was a 42 per cent drop in foreign direct investment (FDI) globally in 2020, China bucked the trend and was the top recipient of the foreign investment flows, showed a report by the United Nations Conference on Trade and Development (UNCTAD) on Sunday.   Compared to FDI inflow of...

There are indications that inflation in the United States will rise in the months ahead because of increasing prices due to bottlenecks in the supply chain caused by the Covid-19 pandemic even though the manufacturing activity in the economy increased to reach an almost 14 year high in early...

A very fast paced recovery from the Covid-19 pandemic induced economic slowdown and recession helped the Chinese economy to post its strongest growth in two years. The economy came to a virtual standstill after the emergence of the pandemic in the country at the beginning of 2020. China was the...

A massive $1.9 trillion stimulus package proposal to counter the impact of the impact of the covid-19 pandemic in the United States was unveiled by US president-elect Joe Biden. The package is designed to jump-start the economy and accelerate the fight of the country against the novel coronavirus...

According to a recent study commissioned by the US-China Business Council (USCBC), a peak loss of 245,000 jobs in the United States was the result of the trade war with China that was initiated by the US President Donald Trump. However the report also predicted that an additional 145,000 jobs would...

OPEC maintained its forecast for global oil demand in 2021, expects it to grow by 5.9 million barrels per day. The assessment of demand in 2020 is slightly worsened, according to the organization's January report. "Global oil demand will grow by 5.9 million bpd in 2021, the forecast from last...

All imports that have any cotton or tomato products originating in China’s Xinjiang region will be banned in the United States, the government has said, over charges that the Chinese government is using  at least 1 million members of the country’s Uyghur ethnic minority into forced labour to...

The impact of Brexit is already being felt by Scottish seafood firms who claimed that delays and costs because of Brexit in exporting fresh seafood and salmon to Europe has put their businesses in a crisis.   The new export regulations and procedures have forced seafood exporters and fishers...